Bloomberg - 12 Aug 2018
This article certainly offers much food for thought. There are an increasing number of reasons to argue that China’s Belt and Road’s initiative is not progressing (or performing) as it should. The editorialist goes one step further. He explains why grand investment plans for unproductive regions may create big problems for China, and possibly sow seeds of decline. As he points out, it wouldn’t be the first time that misdirected investments have caused empires to founder (reads in 6-8 min).
Published in Weekly selection 17 August 2018
Project Syndicate - 2 Aug 2018
There is a lot of food for thought in this rather contrarian short piece. The author of “China’s Crony Capitalism” argues that Xi is now coming under attack and facing the worst summer since he came to power in November 2012. A stream of bad news has left many Chinese, particularly among the elites, feeling disappointed, anxious, angry, helpless, and dissatisfied with their increasingly powerful leader. Xi won’t be overthrown, but the road ahead could well become treacherous (reads in 6-7 min).
Published in Weekly selection 4 August 2018
The New Yorker (metered paywall) - 30 Jul 2018
This is a long (15-20 min) but important read at a time when the UK government is envisaging the stockpiling of food and medicines in case it fails to reach a deal with the EU before it leaves on March 29. The article exposes the British PM’s current predicament: with Brexit looming, Theresa May is battling Trump, Europe, and her own party. Ever since she became PM, she’s been trying to square two conflicting demands: to respect the democratic impulse of Brexit while limiting the economic consequences – an impossible task when Brexit in any form is destined to make Britain worse off.
Published in Weekly selection 28 July 2018